Ethereum

Solana

<div class="coinjournal">
 <ul>
  <li dir="ltr"><p dir="ltr">Solana has been bullish since October but faces resistance at $75</p></li>
  <li dir="ltr"><p dir="ltr">Memeinator sale has accelerated, with a 10% Christmas bonus for presale buyers.</p></li>
  <li dir="ltr"><p dir="ltr">Memeinator is a potential 10x and 50x gainer.</p></li>
 </ul>
 <p dir="ltr">With double-digit gains in the past week and a bullish market since October, Solana holders must be happy. For a token that traded at just $19 in <a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> October, a current price of $75 is worth attention. But how long can SOL market price gains continue? We get to the details and let you know more about the tantalising&nbsp;<u>Memeinator presale</u>, now on Stage 9.</p>
 <h2 dir="ltr" id="strong-solana-faces-bear-test-at-75-strong"><strong>Solana faces bear test at $75</strong></h2>
 <p dir="ltr">Undoubtedly, Solana has been one of the&nbsp;<u>best cryptocurrencies</u> by returns in the last quarter of 2023. The gains have been fueled by network activity. A&nbsp;<u>market report</u> shows that the daily user activity on Solana rose by n<a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> 400% in the fourth quarter. The growth was a massive leap compared to just 3% for its close competitor, Ethereum.&nbsp;</p>
 <p dir="ltr">User activity on Solana has been mainly fueled by a series of airdrops by protocols that use the chain. For example, Oracle network Pyth (PYTH) airdropped 250 million tokens valued at $77 million on November 20th. Jito, another protocol on Solana, airdropped $225 million worth of tokens on December 7th.&nbsp;</p>
 <p dir="ltr"><u>Solana’s price</u> is also fueled by NFT and DeFi growth. For example, in the last three months, sales of NFTs on the network have risen by almost 500%. The increase has helped Solana outpace Ethereum on NFT sales volumes. Consequently, SOL price has responded as the token is used as the settlement layer on the platform.</p>
 <p dir="ltr">Nevertheless, the $75 price is a key resistance. SOL has held to the level for the past three days, but bulls have been unable to break past it. Neither have the bears been able to force a correction, with bulls standing their ground. Obviously, the high network activity could support further gains and a potential breakout. But if bears take control, SOL might clash to up to $60 or lower. The risk invites caution for Solana buyers.</p>
 <h2 dir="ltr" id="strong-the-memeinator-presale-strong"><strong>The Memeinator presale</strong></h2>
 <p dir="ltr">Memeinator presale is an exciting capital-raising undertaking paving the way for a new meme crypto project. The presale occurs in 29 stages, with the current 9th&nbsp;stage almost at its conclusion. To give its presale investors an early Christmas gift, Memeinator has opened a bonus for its early backers. Investors are rewarded with a 10% bonus for $5,000 worth of MMTR purchases. The bonus ends in 4 days.&nbsp;</p>
 <p dir="ltr">Since opening a presale, Memeinator has been attractive for a good reason. The token’s price increases at every stage, with the current price at $0.0157. The token was valued at just $0.01 when the presale opened. MMTR will rise to $0.0485 at the end of the presale, returning 132% to investors. But is this all investors get with Memeinator investment?</p>
 <h2 dir="ltr" id="strong-how-attractive-is-memeinator-strong"><strong>How attractive is Memeinator?</strong></h2>
 <p dir="ltr">If you have been watching the meme space for a while, you know it’s an industry with its ups and downs. You can’t fail to mention a project that went under with investors’ money. The rise of fake memes and rugpulls has made it difficult for investors to make worthwhile investments.</p>
 <p dir="ltr">Memeinator’s value proposition lies in destroying weak, subpar, and non-original meme tokens. To achieve its objective, Memeinator deploys AI and meme-targeting systems. The technology crawls the web to find its targets and destroy them. In the end, Memeinator aims to become an <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>’ darling, helping them <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a> in valuable projects.</p>
 <p dir="ltr">To gain traction of its own, Memeinator <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>s in heavy marketing to dominate social chatter and popularity. Investors are also provided passive income-earning opportunities through staking, gaming, and community NFTs. Consequently, Memeinator has been touted as a $1 billion potential market cap crypto project.</p>
 <h2 dir="ltr" id="strong-can-memeinator-rise-by-10x-in-2024-strong"><strong>Can Memeinator rise by 10x in 2024?</strong></h2>
 <p dir="ltr">While&nbsp;<u>Memeinator</u> is still in presale, it has generated sufficient enthusiasm to become one of the best memes. The presale has raised over $2.26 million and is still going strong. Considering the parabolic moves recorded in the meme space, a 10x gain could be an underprediction for MMTR. The gains could be 50x or more in the future as Memeinator gains more traction.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-faces-litmus-test-at-75-as-investors-grab-early-christmas-gift-on-memeinator-tbt74254.html">https://thebittimes.com/solana-faces-litmus-test-at-75-as-investors-grab-early-christmas-gift-on-memeinator-tbt74254.html</a></p>

Solana faces litmus test at $75, as investors grab early Christmas gift on Memeinator

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